Unexciting RBA minutes; wage growth to remain moderate

Nov 15, 2015 22:08 pm UTC| Commentary Central Banks

The RBA board minutes (Tuesday) are likely to have less of an effect on the market than usual given that the RBA published its updated economic outlook in the latest Statement on Monetary Policy. That outlook saw the RBA...

USD: Waiting for December lift-off

Nov 15, 2015 21:40 pm UTC| Commentary Central Banks

The USD is likely to remain supported next week as the FOMC minutes (Wednesday) confirm the willingness of the board to begin the monetary normalization cycle as soon as December. With fed fund futures already pricing...

EURNOK to reach 9.10 by Q2 2016

Nov 13, 2015 09:34 am UTC| Central Banks

Norges Bank is unlikely to react to additional stimulus ECB. However, as the economic outlook seems to vulnerable to the stimulus, there is a possibility of 25bp rate cut in the next three to six months, says...

ECB looks for a weaker euro, Fed doesn't want USD to appreciate too notably

Nov 13, 2015 09:05 am UTC| Commentary Central Banks

US Federal Reserves rate hike timings are almost confirmed by the optimistic comments by various FOMC members that a rate hike is likely in December 2015. Feds moves after the rate hike are gaining attention now. There...

Effect of PBoC's monetary policy easing soften

Nov 13, 2015 08:52 am UTC| Commentary Central Banks

Chinas monetary aggregate for October releases indicates that recent easing measures are not yet increase borrowing. New CNY loans, a component of aggregate financing, reduced from CNY 1.05tn in September to...

Indonesia's central bank likely to ease further

Nov 13, 2015 07:21 am UTC| Commentary Central Banks

In Indonesia, the base effects of inflation and off late currency stability might push the central bank to ease further. The currency is better than MYR on a toal return basis, in-spite of having vulnerabilities. The...

Emerging Market Crisis Series

Improved RBI's policy credibility improves investor confidence

Nov 13, 2015 07:10 am UTC| Commentary Central Banks

The sell-off in the INR in near-term can be seen as opportunity to re-enter long positions in the currency versus the EUR. If the oil prices remain low, the improvement in Indias current account and fiscal balance...